Venture Capital
How VC works as a business (fund economics, the power law), why VC recruiting has no standard pipeline, and Y Combinator sourced from its own materials.
In this module
How venture capital works as a businessFund economics, the power-law return distribution, and why a VC fund's math looks nothing like a PE fund's despite the shared 2-and-20 languageWhy VC recruiting has no standard pipelineNo on-cycle process, headcount driven by fundraising and attrition rather than a calendar, and why operators compete directly with finance backgrounds hereY Combinator, sourced from its own materialsYC's actual published application mechanics, batch structure, and investment terms, checked directly against ycombinator.com rather than secondhand summaries